Questions

Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: Then the liberalisation process became inevitable.
Q: It encourages initiative, entrepreneurship and competition which is very vital for growth of the economy.
R: In due course of time our institutions became stagnant, corrupt and inefficient due to permit raj and centralized control.
S: Liberalisation enhances economic activities.

 

A) PQSR B) RPSQ
C) QPRS D) RSQP
 
Answer & Explanation Answer: B) RPSQ

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

"I am proud of you," father said to me.

 

A) Father told me that he is proud of me. B) Father told me that he was proud of me.
C) Father told me this that he was proud of me. D) Father told me that that he is proud of me.
 
Answer & Explanation Answer: B) Father told me that he was proud of me.

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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

 

You need to offer them a better deal.

 

A) They are in need of being offered a better deal by yourself. B) They need to be offered a better deal by you.
C) A better deal is needed by them and you have to offer it. D) The offering of a better deal has to be done by you for their need.
 
Answer & Explanation Answer: B) They need to be offered a better deal by you.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The child looked up at her teacher, obviously afraid that she would further __________ her.

 

A) revere B) extol
C) laud D) chastise
 
Answer & Explanation Answer: D) chastise

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

People are now either exposed to the very best of their inner circle and the world, ________ to the worst — articles that look to shock, to provoke rage and put a lens on everything that is wrong _________ the world. Imperceptibly, it goes unsaid that often __________ pieces of ‘news’ fail to actually provide a constructive solution. The effect of such a disparity _________ to the same effect as news of TV and newspapers — a feeling that what we see does not ____________ our lives.

 


such a disparity _________ to the same effect

A)  leads B)  lead
C)  leading D)  leaded
 
Answer & Explanation Answer: A)  leads

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

The way criminal justice is designed and administered today _______________ serves any of the purposes for which it is set up: towards securing life and property. It does not ________________ criminals because of the delay and uncertainties involved in its processes and ridiculously ineffective punishments it imposes ____________________ those few who get convicted. It provides wide discretion to the police and the prosecution, __________________ the system vulnerable to corruption and manipulation and endangering basic ____________________ of innocent citizens.


It does not ________________ criminals because of the delay and uncertainties involved in its processes

 

A) deter B) divert
C) ban D) prohibit
 
Answer & Explanation Answer: A) deter

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